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Nov 1, 2012
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five days before the election. is new york mayor mike bloomberg using hurricane sandy to score political points by endorsing barack obama? rudy giuliani will be our special guest. >> and why are politicians brow beating insurance companies in to how to run their businesses? it eats an attack on free market capitalism. >> a special edition of the "kudlow report" begins right now. >>> sandy, the road to recovery. the cost of sandy's destruction on the rise. gas lines stretch for miles. and so does the traffic jams. billions still without power. food getting scarce. nerves break. how past can we rebuild? tonight we look for answer. plus the markets rally and the reaction of a lifetime days away. this is a special edition of the "kudlow report." >>> hurricane sandy may be over, but tonight many in the northeast remain without basic needs. power, water, gasoline, and the road to recovery looks grim. here's what we know right now. total losses in sandy, now estimated to be $50 a billion. that according to a disaster mode
five days before the election. is new york mayor mike bloomberg using hurricane sandy to score political points by endorsing barack obama? rudy giuliani will be our special guest. >> and why are politicians brow beating insurance companies in to how to run their businesses? it eats an attack on free market capitalism. >> a special edition of the "kudlow report" begins right now. >>> sandy, the road to recovery. the cost of sandy's destruction on the rise. gas...
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Dec 12, 2012
12/12
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in new york, we have local elections next year, including mayor. and state elections. my regulation added to other regulations for offices for charities which requires any c4 spending money on campaigns to disclose expenditures and donors paying for that activity. >> specifically to report the percentage of expenditures going to state and local election nearing and if they spend $10,000 or more to disclose itemize schedule of expenses and contributions if they are trying to affect state and local elections. this is subject to review and public comment and so on and so forth. but who is confused here. i mean, if i know that my money is going to one of these 501 krs /* 1c4, why would i be doing this. >> since water gate there is a consensus that if you spend money on political activity you have to disclose who you are. we don't want anonymous people buying elections or influencing elections and that's our national policy, that's the policy of new york state. the problem is folks are abusing the nonprofit form because nonprofits are allowed to keep their donors private. t
in new york, we have local elections next year, including mayor. and state elections. my regulation added to other regulations for offices for charities which requires any c4 spending money on campaigns to disclose expenditures and donors paying for that activity. >> specifically to report the percentage of expenditures going to state and local election nearing and if they spend $10,000 or more to disclose itemize schedule of expenses and contributions if they are trying to affect state...
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Nov 21, 2012
11/12
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paul bremer turned over authority to the interim iraqi government, which would run the country until elections could be held. [gunfire] >> the insurgency was already gaining momentum. and with the, then newly constituted iraqi army riding into battle in unarmored pickup trucks, and scrounging for guns and ammunition, the iraqi defense ministry went on a billion dollar buying spree with almost no oversight. the contracts were paid in advance with no guarantees, and most of them involved a single company. >> there were awarded without any bidding to a company that was established a few months prior with a total capital of $2,000. so you had nearly a billion dollars worth of contracts awarded to a company that was just a paper company whose directors had nothing to do with the ministry of defense or the government of iraq. >> the name of that company was alain al jaria, which in arabic means the ever-flowing spring. it's address, here in amman, jordan was a post office box. it's telephone number, a mobile phone. the principal was a mysterious iraqi by the name of naer jumaili. and a half a billio
paul bremer turned over authority to the interim iraqi government, which would run the country until elections could be held. [gunfire] >> the insurgency was already gaining momentum. and with the, then newly constituted iraqi army riding into battle in unarmored pickup trucks, and scrounging for guns and ammunition, the iraqi defense ministry went on a billion dollar buying spree with almost no oversight. the contracts were paid in advance with no guarantees, and most of them involved a...
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Dec 21, 2012
12/12
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we have a president who just got re-elected saying it is his mission to raise taxes on small businesses and individuals who make more than $250,000 and john boehner made the right play call saying we're going to use nancy pelosi's own words and chuck schumer's only worpds againds a them and say we're going to cover, because the president's not working in good face with us, 99% of americans in small business don't see taxes going up in january -- >> are you expecting nancy pelosi to get her joet she said make the threshold $1 million. have you tried to whip her today? >> absolutely. it's funny. people on shows like yours saying democrats say they'll never call this for the vote. well, democrats six months ago said this was their plan. so let's ask chuck schumer why he's changed his mind on saving 99.8% of americans? let me add this to viewers. people aren't cove erg the other good part of plan b. the estate tax, which i know millions of american, small businesses and family, family farms in my distributor worried about, would go back to $1 million on january 1. if plan b becomes law, we
we have a president who just got re-elected saying it is his mission to raise taxes on small businesses and individuals who make more than $250,000 and john boehner made the right play call saying we're going to use nancy pelosi's own words and chuck schumer's only worpds againds a them and say we're going to cover, because the president's not working in good face with us, 99% of americans in small business don't see taxes going up in january -- >> are you expecting nancy pelosi to get...
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Dec 13, 2012
12/12
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you won re-election. now govern, now lead. >> but, joe, from the white house point of view, which they feel was indicated by what happened in the election, the purpose of the campaigning is to make republicans govern with them. that's -- >> by their rules. you know, the republicans got re-elected, too, and there's more of them. >> right. well, there's more or them in the house. there is not more of them in the senate. >> and you need both houses. then you've got the debt ceiling. the debt ceiling could be ugly, john. >> yes, but that's an example in 2011 where the republicans did not govern. we knew the debt ceiling had to go up. they weren't willing to do it. we had a long fight. republicans lost the fight and the president then decided that he couldn't -- that working in a room with those people was only part of the solution. he needed to take his case to the country. . >> john, thank you for that. i wish we could talked more about this and we will, but we'll do that with you probably tomorrow. in the m
you won re-election. now govern, now lead. >> but, joe, from the white house point of view, which they feel was indicated by what happened in the election, the purpose of the campaigning is to make republicans govern with them. that's -- >> by their rules. you know, the republicans got re-elected, too, and there's more of them. >> right. well, there's more or them in the house. there is not more of them in the senate. >> and you need both houses. then you've got the debt...
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Nov 15, 2012
11/12
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impact is the first gathering of its kind since the presidential election. a lively event every year and especially so this time. sue is there with a special guest. hi, sue. >> indeed, i am, thank you, ty. i'm joined by michael cuggino, senior manager of the permanent portfolio funds. they rank in the top 1% of the morningstar category that they're in on a 5 and 10-year basis. they have more than $17 billion of assets under management. michael, one, it is great to have you here. most of the buzz here that i've been able to hear so far is the worry about going over the fiscal cliff. we're asking congress basically rise above, get it fixed, how are you basically allocating funds in anticipation of what might occur at the end of the year, and what do you think might occur at the end of the year? >> we're very diversified because we can't figure out what's going to happen right now. i think that means we need to be flexible. we've got an allocation of precious metals, equities an bond. obviously metals for the fear trade. risk of inflation. equities because in t
impact is the first gathering of its kind since the presidential election. a lively event every year and especially so this time. sue is there with a special guest. hi, sue. >> indeed, i am, thank you, ty. i'm joined by michael cuggino, senior manager of the permanent portfolio funds. they rank in the top 1% of the morningstar category that they're in on a 5 and 10-year basis. they have more than $17 billion of assets under management. michael, one, it is great to have you here. most of...
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Nov 5, 2012
11/12
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the final days before the election. we'll talk to two former white house economic advisers about what the candidates policies mean for america. >>> the devastation of superstorm sandy, the impact it could have on the economy and what happened at the new york stock exchange that hadn't happened in more than 100 years. >>> the changing way we deal with and learn about crises, the perils and power of social media. "wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now maria bartiromo. >> here's a look what's making news as we head into a new week on wall street. a positive jobs report and labor department reporting that the unemployment rate ticked up a notch in the month of october to 7.9%. but 171,000 jobs were created in the month well above expectations. numbers for the last two months were also revised upwards and 84,000 jobs added for august and september. new york's mayor michael bloomberg rang the opening bell at the new york stoc
the final days before the election. we'll talk to two former white house economic advisers about what the candidates policies mean for america. >>> the devastation of superstorm sandy, the impact it could have on the economy and what happened at the new york stock exchange that hadn't happened in more than 100 years. >>> the changing way we deal with and learn about crises, the perils and power of social media. "wall street journal report" begins right now. >>...
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Dec 14, 2012
12/12
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the point i'm making is that since the election in november and the uncertainty europe has -- many blue chips around the world have been able to accelerate off much more rapidly than you've had here in the united states. so yes. the market is rising. but how much more could it have risen without the fiscal cliff hangover? so net-net we have almost twice the gain for the year on the european stocks as compared to the u.s. stocks. arguably the european stocks were cheaper and you've removed risk and therefore it could be a big buy. 2013 is still going to be rough in europe. in the south. record unemployment, you've got extreme poverty. but today the data which you're limited to indicated the contraction is slowing on economic activity in europe and the german private sector is growing which may mean germany avoids a contraction in the fourth quarter. >> it's been said this year was about sort of arresting the decline. next year is about addressing employment and growth. >> i'm -- hopefully growth in the second half. >> right. first things first. thank you, simon. have a good weekend. mary
the point i'm making is that since the election in november and the uncertainty europe has -- many blue chips around the world have been able to accelerate off much more rapidly than you've had here in the united states. so yes. the market is rising. but how much more could it have risen without the fiscal cliff hangover? so net-net we have almost twice the gain for the year on the european stocks as compared to the u.s. stocks. arguably the european stocks were cheaper and you've removed risk...
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Nov 19, 2012
11/12
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stocks down 5% since president obama was re-elected. retail sales disappointed in october, down .03% for the month. autos particularly hit hard. and it's likely superstorm sandy slowed business at the end of the month. >>> well, he is a rare breed, a wall street insider who has the president's ear. what is president obama thinking these days? and what can we expect of the fiscal cliff negotiations? robert wolf is an outside adviser to president obama. a former president of investment banking at ubs and now ceo of the firm 32 advisers. robert, great to see you. >> great to be here, maria. >> thanks for joining us. so you are a rare breed. you're a top wall street executive, but you have a very close relationship with the president. so talk to us about this drama over the fiscal cliff. are we still in the positive touring stage? how does this play out? >> i hope it plays out with a deal. i would have probably put it around 80% a deal. but i would have sliced it this way. i would say 50% of that 80 is that they come up with, like, $60 bill
stocks down 5% since president obama was re-elected. retail sales disappointed in october, down .03% for the month. autos particularly hit hard. and it's likely superstorm sandy slowed business at the end of the month. >>> well, he is a rare breed, a wall street insider who has the president's ear. what is president obama thinking these days? and what can we expect of the fiscal cliff negotiations? robert wolf is an outside adviser to president obama. a former president of investment...
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Dec 20, 2012
12/12
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fears that president obama would have new gun laws if re-elected. those expectations may become a reality, michelle? >> assault weapons is eaccept shlly what we are taking about, right? >> is this an skoesten shl threat? >> they say they could make a living but these are the most popular, the semiautomatics really are the ones that are most popular right now, and are also very pricey. air 15 from 899 to $4,000. and these are the ones that clients have been buying over the last year, which looks like it could be a record year for them. >> did any of the owners raise the level of watching who buyers are and thinking twice and doing profiling of their own? >> it is interesting, i spoke to one manager in maryland, and he said, in this business you want to be on the look outs for fruit cakes. and i'm quoting him. you don't want fruit cakes buying your guns. you said, these are educated people, so he is still selling them their guns. >> you mean the buy-in -- >> we have the documentary tonight. >> they are concerned -- >> gun retailers are very much aware
fears that president obama would have new gun laws if re-elected. those expectations may become a reality, michelle? >> assault weapons is eaccept shlly what we are taking about, right? >> is this an skoesten shl threat? >> they say they could make a living but these are the most popular, the semiautomatics really are the ones that are most popular right now, and are also very pricey. air 15 from 899 to $4,000. and these are the ones that clients have been buying over the last...
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Dec 19, 2012
12/12
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haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now into this mix, and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff? >> well, first of all, there's no reason why we should. remember when i said during the campaign, i thought that it was important for us to reduce our deficit in a balanced and responsible way. i said it was important for us to make sure that millionaires and billionaires paid their fair share. i said that we were going to have to make some tough cuts, some tough decisions on the spending side, but what i wouldn't do was hurt vulnerable families only to pay for a tax cut for somebody like me. ment what i said was that the ultimate package would involve a balance of spending cuts and tax increases. that's exactly what i've put forward. what i've said is that in order to arrive at a compromise, i am prepared to do some ver
haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now into this mix, and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff? >> well, first of all, there's no reason why we should. remember when i said during the campaign, i thought that it was...
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Nov 2, 2012
11/12
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because of this election, if we see romney elected, we'll see oil prices drop. you'll see energy prices drop. that might be a buying opportunity at that point. other than that, i really believe we have to just take a look and see attitude right now. >> well, one of our guests, a regular on this program, had a great idea. he said to me, maybe for one month the fed instead of putting that $40 billion of mortgage-backed securities buying, put that on hold and send it to some of the ravaged areas like staten island, like new jersey. >> i love it. i absolutely love that idea. >> i do too. >> then the fed's crossing the line into fiscal policy and out of the realm of monetary policy. >> where are we going to get it? >> fema responds rather adroitly to -- katrina notwithstanding, to these disasters. i suspect they're going to be quite responsive right now for those who have been displaced, who have lost family members, who don't have homes. i think there will be a rapid response from the federal government. >> i'm just saying, we could use that money in other areas rig
because of this election, if we see romney elected, we'll see oil prices drop. you'll see energy prices drop. that might be a buying opportunity at that point. other than that, i really believe we have to just take a look and see attitude right now. >> well, one of our guests, a regular on this program, had a great idea. he said to me, maybe for one month the fed instead of putting that $40 billion of mortgage-backed securities buying, put that on hold and send it to some of the ravaged...
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Nov 1, 2012
11/12
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we spent $5 billion on this election for what? to prove that it is the government of the super pac by the super pac for the super pac? to prove that basically no matter who wins, that we'll be at this point four years from now in the future. so what i'm suggesting is, no, not don't go to the polls. show up and exert your responsibility. but look going forward to something different as opposed to this red and blue state theology that basically is the same. over the past four years we've had health care dominated by corporal interests, financial regulation dominated by wall street, sustained. we've had countless foreign wars, sustained. let's get something different and move in a different direction. i'm a little bit jaded, yes, from 2008 in which we were promised change and we haven't really seen it. >> talking about being jaded, you're actually a bit pessimistic aswe well. you talk about destructive financial markets in the future. we have a lot to get to. big jobs number tomorrow, election, fiscal cliff issue. what are the market
we spent $5 billion on this election for what? to prove that it is the government of the super pac by the super pac for the super pac? to prove that basically no matter who wins, that we'll be at this point four years from now in the future. so what i'm suggesting is, no, not don't go to the polls. show up and exert your responsibility. but look going forward to something different as opposed to this red and blue state theology that basically is the same. over the past four years we've had...
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Dec 14, 2012
12/12
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in particular, let's shift to asia and head to key elections. think in the most recent manufa worsening, meanwhile, opinion polls have been very consistent about which party is likely to become japan's next ruling party. kaori enjoji has more for this. >> japanese prime minister yoshi hikonoda is trying to keep his party in power just days before the election. it could pave the way for the return of the liberal democratic party of japan. >> japan is going to have another election due next year. and what abbe is perhaps going to do is to use the government machine as much as possible in order for the budget to be increased to sustain some of the public works because there is another critical juncture coming up because the japanese government is going to have to raise the tax rate for consumption tax. >> japanese economy is now in recession. and this is the third time sips the leaning crisis. the budget deficit is now five times larger than it was in 2008. regardless of who wins on sunday, there is widespread expectation in the markets that the ba
in particular, let's shift to asia and head to key elections. think in the most recent manufa worsening, meanwhile, opinion polls have been very consistent about which party is likely to become japan's next ruling party. kaori enjoji has more for this. >> japanese prime minister yoshi hikonoda is trying to keep his party in power just days before the election. it could pave the way for the return of the liberal democratic party of japan. >> japan is going to have another election...
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Dec 10, 2012
12/12
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we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for profit growth in '14. >> you point out that your sector positioning, you say it's cautious, but you are upping technology to overweight. underweighting domestic cyclical. if cap-ex is a phenomenon next year why would you not be more highly leveraged to that? >> well, we think that first of all, the numbers, and the valuations, look fully played out. we think they still have housing market euphoria. and, have looked at things like consumer confidence going up, at least until friday, as a result of house prices stabilizing. for us, that's the reason why
we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for...
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Oct 30, 2012
10/12
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we could see more damage to come and snow that could affect election day voting. superstorm sandy right after the break. hahahaha! hooohooo, hahaha! this is awesome! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. [ construction sounds ] [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ >>> these are early days the nation is starting to process the tallying the cost of the devsating storm. >> some of the estimates that are out there, they range in cost of as high as $30 billion. it is not clear that they became apparent today or any of the models are adequate to the weather event. this shocking video of the coast line was aired late this afternoon. the aspects of this storm, brought devastating rain and win
we could see more damage to come and snow that could affect election day voting. superstorm sandy right after the break. hahahaha! hooohooo, hahaha! this is awesome! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy....
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Dec 12, 2012
12/12
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parliament, too, up for elections. how strong a mandate does the government need, and how strong a mandate is it likely to get from voters? >> yes. i think the one key issue about this election is to end the divided diet that is japanese parliament. because of the strengths, reactive strengths of the upper house, the ruling party or coalition that did not have the majority in the upper house continued to struggle in the past. you know, depending upon the result of the election, how it the democratic may form a coalition to secure majority in the upper house to smooth out the policy process, that's one important thing. also maybe the forecast would be what exactly the prime minister-to-be is going to be after he actually becomes the prime minister. and you know, what's -- what's also coming up with the nomination of the new bank of japan's leadership. those things will continue to get attention by the global financial markets. >> yeah, aside from the yen, how are other asset prices, other asset markets be behaving going
parliament, too, up for elections. how strong a mandate does the government need, and how strong a mandate is it likely to get from voters? >> yes. i think the one key issue about this election is to end the divided diet that is japanese parliament. because of the strengths, reactive strengths of the upper house, the ruling party or coalition that did not have the majority in the upper house continued to struggle in the past. you know, depending upon the result of the election, how it the...
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Dec 13, 2012
12/12
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because we elect leaders to represent us. so when they go to washington, they are there for a reason. the president doesn't hold all the cards. the cards are evenly split up! now, we had senator mark warner on the other morning. and i would like you to listen to a clip of the senator. please roll our clip. >> this idea that we're going to lurch now, that it's become not accepted modus operandi that we're going to go 12 to 15 months over a debt ceiling debacle no matter who was elect. i would have been for getting rid of this kind of debt ceiling poker that we play. >> reporter: oh, my goodness! what does he think, it's a monarchy, a dictatorship? you know, various forms of government are very inefficient. these are very inefficient. we are a republic, very inefficient. if you want a really efficient form of government, you have a king or a dictator. and in the end, you hope it's a benevolent one. but then you could get things done. there's no lurching. there's no bumps. that's the cornerstone of checks and balances. now, anot
because we elect leaders to represent us. so when they go to washington, they are there for a reason. the president doesn't hold all the cards. the cards are evenly split up! now, we had senator mark warner on the other morning. and i would like you to listen to a clip of the senator. please roll our clip. >> this idea that we're going to lurch now, that it's become not accepted modus operandi that we're going to go 12 to 15 months over a debt ceiling debacle no matter who was elect. i...
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Oct 30, 2012
10/12
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into the election. but more importantly, it will help us see really what's happening within the employment picture itself and is it actually improving or not. >> okay. thanks very much for joining us this morning. >> bp reported better than expected results for the third quarter. underlying replacement cost profit $5.2 billion, around a billion dollars ahead of estimates. dividend has risen. becomeky peck becky was talking to bob dudley. >> and he was talking about how the refining has helped earns this it time around.>> and he w the refining has helped earns this it time around. the difference denied increased by some 12.5% is having big impacts on the stock today, as well. i was asking why they chose now to increase the dividend and if there would be further hikes in the future and he said they clearly have the confidence to raise the dividend now. they will continue to have a progressive policy in the future. continue to sell off businesses. and he said they do still have some assets to sell, too, as
into the election. but more importantly, it will help us see really what's happening within the employment picture itself and is it actually improving or not. >> okay. thanks very much for joining us this morning. >> bp reported better than expected results for the third quarter. underlying replacement cost profit $5.2 billion, around a billion dollars ahead of estimates. dividend has risen. becomeky peck becky was talking to bob dudley. >> and he was talking about how the...
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Nov 2, 2012
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will the bet than expected october employment report affect tuesday's election? well, the head of one of the nation's largest -- in fact, the fastest growing labor union in the country will join us. >>> also, is there any end in sight to the new york area's gas shortage? boone pickens weighs in for you. >>> how will super sandy affect clorox? they make everything from bleach to garbage bags. we'll ask the company's ceo coming up. >>> see you at the top of the hour for last hour of the trading day. julia boorstin has our "market flash" for us. >> that's right, bill. groupon shares off by nearly 8% today. that brings the groupon stock down by more than 80% since its ipo price of $20. this has groupon hits its one-year anniversary of its ipo on sunday. on the heels of amazon last week saying revenue fell from 10% in q2 to q3. >>> in the weeks and months to come, victims of hurricane sandy will begin rebuilding and many people and companies will move their things into self-storage facilities while they rebuild. those reits already up 4% this week. diana olick has mor
will the bet than expected october employment report affect tuesday's election? well, the head of one of the nation's largest -- in fact, the fastest growing labor union in the country will join us. >>> also, is there any end in sight to the new york area's gas shortage? boone pickens weighs in for you. >>> how will super sandy affect clorox? they make everything from bleach to garbage bags. we'll ask the company's ceo coming up. >>> see you at the top of the hour for...
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Nov 2, 2012
11/12
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our top story today, jobs, the market, and the election. a better than expected employment report giving investors and voters something to chew on. just four days before americans head to the polls. here is how the day is shaping up thus far. early gains as you will see on the board behind me now fading away. the dow down by 36 points. the loss of one quarter of 1%. s&p and nasdaq in the red today as well. we're trading all of the action with the najarian brothers and mike murphy. gentlemen, i will go to you first, pete. what did you think of the jobs market and why isn't the market performing better than it is right now? >> it certainly had a nice start to the day and then suddenly i think there is that reasoning behind this move we had following yesterday. you got this nice move this morning and a lot of people were able to catch this. wanted to take some profits off going into the weekend. they had a nice run. still enough uncertainty and obviously with the election in front of us, there's enough questions that are unanswered at this poi
our top story today, jobs, the market, and the election. a better than expected employment report giving investors and voters something to chew on. just four days before americans head to the polls. here is how the day is shaping up thus far. early gains as you will see on the board behind me now fading away. the dow down by 36 points. the loss of one quarter of 1%. s&p and nasdaq in the red today as well. we're trading all of the action with the najarian brothers and mike murphy....
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Dec 11, 2012
12/12
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the american people, not only did they re-elect a president, but they re-elected a republican house. so we have our own mandate, as well. but, you know, i was chairman of the less than super super committee, i was willing to put revenue on the table and one of the items i was willing to put it on the table for, jim, to your point, is to have a gradual increase in the retirement age to help bend the cost curve, again to save these programs for my 10-year-old daughter and my 9-year-old son. and sustain them for my parents who are in their 80s. i've been willing to do that. but again, we're not going to have any kind of bait and switch. what good does it do historically, any time republicans agree to some increase in tax revenue, you know, it's the revenue today, it's somehow the spending reductions never quite manifest themselves. you know, i guess i'm dating myself. also a little bit like the old cartoon popeye where wimpy says if you'll buy me a hamburger today i'll gladly repay you next tuesday. >> the immediate cuts that go with the immediate tax -- seems right. >> go take a look a
the american people, not only did they re-elect a president, but they re-elected a republican house. so we have our own mandate, as well. but, you know, i was chairman of the less than super super committee, i was willing to put revenue on the table and one of the items i was willing to put it on the table for, jim, to your point, is to have a gradual increase in the retirement age to help bend the cost curve, again to save these programs for my 10-year-old daughter and my 9-year-old son. and...
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Dec 17, 2012
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so my feeling is 40% of all election year highs occurred in december. which is twice the second best performing month. so i would tend to say get a little more confidence that there will be some sort of an agreement from washington. and i think the market does work its way higher by the end of the year. >> any areas to avoid? you know we're going to see cuts to defense. do you want to avoid that group? or is this all related? >> i think a lot of the things have already been built in. we still don't like utilities at this point. it's trading more than 3.5 times whereas the market is 1.2. >> all right. we'll leave it there. thank you so much. >>> we're in the final stretch of trading. the dow jones industrial average now up 84 points. >> the worst performing dow stock of last year is now on track this year to be the best performing stock of the dow this year. >>> then after the bell, dick bove is working on where he sees the banks going next year. stay with us. le announcer ] at scottrade, we believe the more you know, the better you trade. so we have ong
so my feeling is 40% of all election year highs occurred in december. which is twice the second best performing month. so i would tend to say get a little more confidence that there will be some sort of an agreement from washington. and i think the market does work its way higher by the end of the year. >> any areas to avoid? you know we're going to see cuts to defense. do you want to avoid that group? or is this all related? >> i think a lot of the things have already been built...
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Nov 12, 2012
11/12
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we think it was related to the results of the election. people buying into a romney victory and then didn't happen that way. what are we looking for in the short term? new york area we're keeping an eye on the energy stocks and looking at some utilities and, of course, insurance, reinsurers, everything related to the hurricane. overall we think it seems to us it's maybe been a little overdone, this pullback, we'll find a level and eke out toward the end of the year. we've had performance squeezes, short squeezes. we think that will be the trend here. we may have found a bottom and we'll start to find lower levels to support us -- i mean, higher levels to support us as we get to the end of the year. >> in terms of tax selling, where would you expect it to come from year end? the technology, low-hanging fruit? >> it could be some. big winners, technology, pharmaceutica pharmaceuticals, some industrials that have done well. it's going to be more large cap base. as i said earlier, that selling is an opportunity for an investor with three to fi
we think it was related to the results of the election. people buying into a romney victory and then didn't happen that way. what are we looking for in the short term? new york area we're keeping an eye on the energy stocks and looking at some utilities and, of course, insurance, reinsurers, everything related to the hurricane. overall we think it seems to us it's maybe been a little overdone, this pullback, we'll find a level and eke out toward the end of the year. we've had performance...
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Dec 17, 2012
12/12
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looking at the ldp that got elected. everybody knows that japan is going to kind of pump it up starting in march/april. an ecb that has given you two different things and people only read one thing. they gave you the put with the omp with spain but they gave you a second put which you guys didn't talk about which is amazing. >> what's the second piece of it then? >> the second piece was when they were just this last meeting and you had this vote, how did the vote go? you know how the vote went for lower interest rates? you guys know how -- can somebody put on their prompter so they can figure out what it is? how did the vote go for lower interest rates? i'll tell you how the vote went. lower interest rates. they didn't lower interest rates this time. what they said, though, if you go back and look at it, every member before voted for lower interest rates. majority for lower interest rates. who didn't vote for lower interest rates? it was azulman, if my pronunciation is wrong, there's no way i'm going to get it right. pit
looking at the ldp that got elected. everybody knows that japan is going to kind of pump it up starting in march/april. an ecb that has given you two different things and people only read one thing. they gave you the put with the omp with spain but they gave you a second put which you guys didn't talk about which is amazing. >> what's the second piece of it then? >> the second piece was when they were just this last meeting and you had this vote, how did the vote go? you know how...
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Nov 20, 2012
11/12
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i mean, president obama just won a decisive election. democrats increased their majority in the senate. the tax rates are expiring. if these tax rates weren't expiring, republicans could hold out for genuine tax reform. i think they need to get ahead of this situation. why not lock in the current rates for everybody under a million and live to fight another day? i think there's more likelihood they'll be able to get genuine tax reform next year if they lock in everybody under a million right now when they have their backs against the fiscal cliff. >> but that's not what they're doing. we doncontinue to see everybody digging in. why should republicans allow the tax increases for highest earners, and why should dems give in on the spending cuts the republicans want? what is it going to take to get these two sides together? >> the democrats should give in. the fact is they should give in because we have an actual fiscal crisis. we have a real debt ceiling. that's the national debt. this is going to, what, chip away 7% of the deficit, lettin
i mean, president obama just won a decisive election. democrats increased their majority in the senate. the tax rates are expiring. if these tax rates weren't expiring, republicans could hold out for genuine tax reform. i think they need to get ahead of this situation. why not lock in the current rates for everybody under a million and live to fight another day? i think there's more likelihood they'll be able to get genuine tax reform next year if they lock in everybody under a million right...
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Dec 19, 2012
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and we've seen a big change really just since election day. since the election was resolved. we saw consumer focus shift toward the fiscal cliff. we've seen a change in terms of how they feel it their overall financial security. and now the recognition or acknowledgment that they're dialing back on their spending. >> and the people who will are really dialing back are those who are under 30 or over 65? >> under $30,000 a year annual income are those most likely on the basis of income to dial back, which is not really a surprise. on age, we kind of see polar opposites. retirees, those 65 and up, many of whom have seen their interest income squeezed in the low rate environment. they are most likely to cut back. we look on the basis of age. those under 30 ironically were the least likely to have cut back on spending in the last 30 days. >> okay. and where are you really seeing this play out? i mean, this is something that they say very much the fiscal cliff is -- just because it's been worked under the front pages of newspapers at this point, talked about on air? >> yeah. absolu
and we've seen a big change really just since election day. since the election was resolved. we saw consumer focus shift toward the fiscal cliff. we've seen a change in terms of how they feel it their overall financial security. and now the recognition or acknowledgment that they're dialing back on their spending. >> and the people who will are really dialing back are those who are under 30 or over 65? >> under $30,000 a year annual income are those most likely on the basis of...
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Dec 5, 2012
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the anticipation is they want to get re-elected. they understand the republicans now have detectors. again, the market is saying we with believe in you. don't screw this up. >> all right. you have to get ready for the next hour. >> huge show coming up. timothy geithner at the top of the hour. we're going to find out what's changed since the sunday shows he was doing interviews on. anton, ben, see you soon. i'll see you at the top of the hour. >> capital gains rates are probably going to go up. does that hurt the market as well? >> we've seen a lot of companies sell themselves. it's been a problem in the banking industry because loans have been paid off. they want to grow loans. people are taking control and repaying their loans. i think it's already been anticipated. >> you've had a hot hand trading this market lately. what are you doing, especially bearing in mind we have a jobs number on friday. >> i'm a little concerned on the adp numbers. this is generally the weakest of the year. that's probably baked in a little bit. i think w
the anticipation is they want to get re-elected. they understand the republicans now have detectors. again, the market is saying we with believe in you. don't screw this up. >> all right. you have to get ready for the next hour. >> huge show coming up. timothy geithner at the top of the hour. we're going to find out what's changed since the sunday shows he was doing interviews on. anton, ben, see you soon. i'll see you at the top of the hour. >> capital gains rates are...
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Jul 22, 2012
07/12
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or are we waiting until after the election to deal with the fiscal cliff, to deal with some of these other related issues? >> it is an enormous frustration. we know washington hearing everybody but at the end of the day the way washington works they probably won't do anything until after the election. the market will really have to struggle with this. one thing we're realizing, maybe everyone is over emphasizing the risk of recession from a fiscal cliff. it only happens if washington let's the cuts expire, sequestration happen and do nothing the entire 2013 fiscal year which is low probability. >> yes. what about bernanke? of course the chairman of the federal reserve testified before congress this week and offered a down beat view again of the economy, so that sentiment has weakened and we could see things worsen, but no real significant action that they promised although do you think we'll see qe3 or sigh stimulus from the fed? >> the call is a 50% chance in september, so in other words the august meeting unlikely, september maybe, but the fed does have to surprise us as well. i th
or are we waiting until after the election to deal with the fiscal cliff, to deal with some of these other related issues? >> it is an enormous frustration. we know washington hearing everybody but at the end of the day the way washington works they probably won't do anything until after the election. the market will really have to struggle with this. one thing we're realizing, maybe everyone is over emphasizing the risk of recession from a fiscal cliff. it only happens if washington...
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Nov 30, 2012
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the president's plan is the plan he presented to the american people and won the election on. certainly, the plans they would cut or fundamentally restructure medicare, those proposals -- >> i don't think that's what we're talking about, seth. >> does that do anything to the debt? >> that's a great question, maria. that's the biggest challenge with this proposal that the president put out. he's actually talking about new spending. additional payroll benefits, additional unemployment benefits. his very proposal underscores the need for tax reform so we don't keep doing these stopgap measures, which cause uncertainty to our businesses. you know, i think the proposal was not serious. i look back to 2001, 2003 when the bush tax cuts were first enacted. this is akin to president bush proposing we have a top rate of 17% or 18%. >> but sara, let's face it, it's the beginning of the process. not the end of the process. what would you expect the president to come up. he's not going to go that close to what he's expecting to get in the end. he's going to start from another place. so how
the president's plan is the plan he presented to the american people and won the election on. certainly, the plans they would cut or fundamentally restructure medicare, those proposals -- >> i don't think that's what we're talking about, seth. >> does that do anything to the debt? >> that's a great question, maria. that's the biggest challenge with this proposal that the president put out. he's actually talking about new spending. additional payroll benefits, additional...
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Sep 10, 2012
09/12
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bit of time still getting upside but maybe trying to get through this wave of uncertainty into the election but buying into the last couple of weeks on the year. >>> with stocks rallying more than 12% there is one thing that can derail the meltup. we'll protect you from it. that is next. as hedge funds go all in should you do the opposite? stay tuned to see what is behind the curtain as we get ready to reveal our trade of the day. e g. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. >>> welcome back to "fast money." just want to draw your attention to palo alto networks. it is down more than 12% after the company beat on its earnings and revenues but fell short in terms of the revenue growth. that is what the street was looking for. there are 62 spots. 77 on palo alto networks. >> this is one that you have recommended. it is in the camp of high expectations. >> a lot of the thesis
bit of time still getting upside but maybe trying to get through this wave of uncertainty into the election but buying into the last couple of weeks on the year. >>> with stocks rallying more than 12% there is one thing that can derail the meltup. we'll protect you from it. that is next. as hedge funds go all in should you do the opposite? stay tuned to see what is behind the curtain as we get ready to reveal our trade of the day. e g. i had three kids. and she became the full time...
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Dec 14, 2012
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john, this is often not the kind of thing an elected official signs up for, but this is the part of the leadership equation that you talked about where, you know, we have to deal with this as a nation here. >> reporter: bill, it's the most emotionally shaken i've ever seen president obama and rarely seen any president. it was a striking image of him, and that i think the degree to which he was shaken was reflected in his comments because he went beyond the expressions of grief to pledge meaningful action in the days to come regardless of the politics. that's a significant statement because democrats and this democratic president have shied away from dealing with issues of gun control because they have been politically counterproductive for democrats in recent years, so can you tell this really affected him as a parent. tears were coming to his eyes. he was wiping his eyes. it was quite a striking image that i -- that i won't forget, and i think most americans watching will not forget. >> and, yes, i think we all agree. a lot of children will be hugged tonight, being told by their parent
john, this is often not the kind of thing an elected official signs up for, but this is the part of the leadership equation that you talked about where, you know, we have to deal with this as a nation here. >> reporter: bill, it's the most emotionally shaken i've ever seen president obama and rarely seen any president. it was a striking image of him, and that i think the degree to which he was shaken was reflected in his comments because he went beyond the expressions of grief to pledge...
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Nov 23, 2012
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obviously you weren't a big fan of the way the election turned out. i like being a strict constitutionalist, and i like article i, section 8. are we ever going to get back to those types of disciplines, or as in your article stated, you think we crossed over and there's no turning back? >> no, we passed the tipping point. i don't think there's any doubt we reached the tipping point. we've reached that era where our foundest most feared where a majority of people could voice themselves a living at the spend of the minority. i don't think there's any coming back. i think we are on the same trajectory as europe, and europe is on the same trajectory as greece, so it's time to look for yourself and families to take care of your personal prone. we cannot solve the country's problems. >> i hope you are not kreb8g9, but we'll have you back to talk about the journey. sully, it's all yours. >> thank you. >>> rick and bill, thank you. i like bill. he's a smart guy. >> good conversation. >>> coming up next, protesters at walmart. we have live at the scene. 6 try
obviously you weren't a big fan of the way the election turned out. i like being a strict constitutionalist, and i like article i, section 8. are we ever going to get back to those types of disciplines, or as in your article stated, you think we crossed over and there's no turning back? >> no, we passed the tipping point. i don't think there's any doubt we reached the tipping point. we've reached that era where our foundest most feared where a majority of people could voice themselves a...
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Nov 13, 2012
11/12
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we already are seeing it in this election. and i think with ted the article in "the new yorker" you mentioned, where he was quoted the years ahead will be very ominous for republicans unless we change. i think this election may turn out to be a good thing in the sense we are going to do a course correction in the gop. be a lot more open, and be more positive reaching out to those middle voters. >> if people call a path to citizenship, then what i think of a path to citizenship, you know, you get your worker document, okay, register properly, and you got to learn english and something about american history and so forth and so on. but -- people call a path to citizenship amnesty, chris, i'm in favor of amnesty then. i'm tired of this whole debate. i'm tired of this semantics and tired of handful of people, you and i both know, who they are. who have held this issue up for so long. >> i do think that we don't want an immediate citizenship for 10 million undocumented illegal aliens in the country. when people talk about a path to
we already are seeing it in this election. and i think with ted the article in "the new yorker" you mentioned, where he was quoted the years ahead will be very ominous for republicans unless we change. i think this election may turn out to be a good thing in the sense we are going to do a course correction in the gop. be a lot more open, and be more positive reaching out to those middle voters. >> if people call a path to citizenship, then what i think of a path to citizenship,...
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Dec 18, 2012
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and now that there's no real limit on what rich people can spend to influence elections, their tv biz can get a serious boost every other year. 2014 midterm elections, they will be great for this company's bottom line. most important of all, though, gannett has excellent and visionary management. five years ago when the economy was still in good shape before the onset of the recession, a lot of people were telling gannett to borrow billions to pay a special dividend or give a gigantic buyback. uh-uh, instead, even though the credit markets were still strong, the company chose to use its robust free cash flow to pay down its debt. that's how this newspaper company survived the financial crisis. and gannett has continued to clean up the balance sheet. it's reduced its debt by more than $2 billion. impressive. thanks to these moves, gannett now has the flexibility to invest in growth while also returning increased amounts of money to shareholders via bountiful dividend. the ceo wants to use their numerous local papers and digital platforms to become the local media play in america. it's
and now that there's no real limit on what rich people can spend to influence elections, their tv biz can get a serious boost every other year. 2014 midterm elections, they will be great for this company's bottom line. most important of all, though, gannett has excellent and visionary management. five years ago when the economy was still in good shape before the onset of the recession, a lot of people were telling gannett to borrow billions to pay a special dividend or give a gigantic buyback....
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Feb 13, 2012
02/12
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it sounds like a platform for the re-election campaign than the a budget. >> it is more of a political document. the two parties have already agreed on the level of discretionary spending. that top line number is not in question, the question is the allocation of money. the president wants to spend more money on education and transportation and community colleges. he unveiled his budget at the community college today and that is why this is a political document in a political year as the president is trying win a second term. >> coming up in a few minutes we will talk with jeffrey zients and get him to break down the budget and tell uses if there's a chance it could pass in its current form. >> stocks showing no signs of slowing down. take ago look at the gains, it's not all that far from if the 13,000 mark. a level we have not seen since 2008. and now that austerity measures have been approved in greece, is it too early to call for the 15,000 dow? wells capitol management, jim paulson thinks it's possible we reach that level this year and he expects the s&p 1500. welcome guys. nice to
it sounds like a platform for the re-election campaign than the a budget. >> it is more of a political document. the two parties have already agreed on the level of discretionary spending. that top line number is not in question, the question is the allocation of money. the president wants to spend more money on education and transportation and community colleges. he unveiled his budget at the community college today and that is why this is a political document in a political year as the...
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Nov 1, 2012
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the election. >> it sounds like to me that these are all just temporarily on hold. because the trend is definitely charts friend. but right now we have got a gra great growth story. we are a key supplier for an industry that will grow dramatically. the future, i will try to avoid the misses. >> fair enough. >> i know that it will go over the trend if that's the case. chairman, president, and ceo of ctls. gas to liquid. stay with cramer. >> coming up, a party? the market has traded higher today, but after a slew of disappointing reports there is plenty of pessimism on wall street. crime e cramer is looking beyond the doom and gloom. clean up continues as retailers get ready for the busiest shopping season of the year. cramer is seeing if they can be a gift to your portfolio. don't miss this exclusive all coming up on mad money. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a smal
the election. >> it sounds like to me that these are all just temporarily on hold. because the trend is definitely charts friend. but right now we have got a gra great growth story. we are a key supplier for an industry that will grow dramatically. the future, i will try to avoid the misses. >> fair enough. >> i know that it will go over the trend if that's the case. chairman, president, and ceo of ctls. gas to liquid. stay with cramer. >> coming up, a party? the market...
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Dec 11, 2012
12/12
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we saw this after the election. as soon as the unknown was erased and very likely capital gains taxes going up, wholesale gains taking across the board. once mutual funds had to close at the beginning of november, that's over, now back to floating stocks up. look around the globe, european stocks held hodge the way we are, you'd expect european markets to be down. right now only one down for the year. the free enterprise system will power past politics. they will either lead or get out of the way. one way or another the market wants to go higher because in effect the system will continue to grow. politics at this point don't matter. >> without flogging the point here, to bob pisani's point, we get a deal, clarity, uncertainty taken away, but hello american austerity, taxes higher, spending lower. a more difficult environment for stocks in 2013? >> it could very well be. it will more likely be a stock picker's market, sectors that will win and sentors that will lose as a result of this. that's all it will do, sort ou
we saw this after the election. as soon as the unknown was erased and very likely capital gains taxes going up, wholesale gains taking across the board. once mutual funds had to close at the beginning of november, that's over, now back to floating stocks up. look around the globe, european stocks held hodge the way we are, you'd expect european markets to be down. right now only one down for the year. the free enterprise system will power past politics. they will either lead or get out of the...
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Oct 29, 2012
10/12
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president obama said i'm not thinking about the election. of course, he is thinking about the election all the time, so are his people. they know that or they believe that they have an advantage in battleground states and that perhaps the freezing of attention to the campaign will benefit them with a limited time to go. on the other hand, mitt romney can point to national polls and say i've gotten the upper hand since the first debate, so we will see whether the ground games get affected by this. obama's generally considered to have the more extensive and effective ground game. that, of course, is going to be tested on election day, but if some of that is interrupted, he and his people could be affected, and we'll see whether the early vote in places like north carolina, for example, where it matters some and florida is shaken up by this. >> and some that have early voting has been cancelled, larry. who does this hurt more in, your view? which candidate stands to lose the most as a result of this disruption of the campaigning? >> well, it's
president obama said i'm not thinking about the election. of course, he is thinking about the election all the time, so are his people. they know that or they believe that they have an advantage in battleground states and that perhaps the freezing of attention to the campaign will benefit them with a limited time to go. on the other hand, mitt romney can point to national polls and say i've gotten the upper hand since the first debate, so we will see whether the ground games get affected by...
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Nov 28, 2012
11/12
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>> that's what washington leaders are elected to do, to lead and govern. i think that's why the private sector is speaking out this way, because this is an issue that we have to educate the public, and we have to press our leaders to address. >> we had a representative on yesterday, democratic representative. he didn't even want to talk about means testing medicare or social security. very focused on raising taxes on the rich. if you have a millionaire or billionaire elderly person, and you tell them, guess what, you're going to have to pay more for your health care, that would be like raising their taxes, right? and it would help reduce the problem. but they don't want to talk about that. >> the easiest solution's in front of us. i'm not the expert on medicare or social security. means testing and raising age limits seem to me to be pretty practical solutions as part of the solution, not the total solution, to reducing entitlement spending. >> if you were this the white house today with with the president as many of the nation's leading ceos are, what wou
>> that's what washington leaders are elected to do, to lead and govern. i think that's why the private sector is speaking out this way, because this is an issue that we have to educate the public, and we have to press our leaders to address. >> we had a representative on yesterday, democratic representative. he didn't even want to talk about means testing medicare or social security. very focused on raising taxes on the rich. if you have a millionaire or billionaire elderly person,...
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Nov 8, 2012
11/12
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>> so we look at the american election and we have a certain amount of patience for the primary and election rhetoric. you talk to people and they say this is election season, don't worry about what's said. wi assume the chinese system is less democratic to be blunt that they don't have the same kind of motivations. that isn't true. in china, you have much of the same need and in fact arguably given that it's not a democratic system, you actually have even more need for the party to show its legitimacy to the people to explain to the people why it is worthwhile for them to ensure that these nine or these seven folk have control over china and what goes on in china for the next five to ten years. and so you have much the same rhetoric and you've seen this in china over the last section six. increase in national recent tore rick not just vis-a-vis the united states, but everyone more vis-a-vis the countries in the region, vietnam, philippine, japan, south korea. in order to essentially provide to the people of china for the party. >> the name -- we talk in the u.s. about an october surprise, h
>> so we look at the american election and we have a certain amount of patience for the primary and election rhetoric. you talk to people and they say this is election season, don't worry about what's said. wi assume the chinese system is less democratic to be blunt that they don't have the same kind of motivations. that isn't true. in china, you have much of the same need and in fact arguably given that it's not a democratic system, you actually have even more need for the party to show...
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Dec 10, 2012
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after the election, the risk that the market basically these two portfolios are traching each other are perfect mirror images here. they were betting at this point we were going to go over the cliff. in other words the -- over the cliff portfolio was the outperformer until today. they have crossed. so now it's gone lower. we hit the cliff and avoid it is going higher at this point. two things to watch for this week. we got all that treasury paper coming to market here. the yield has moved higher. but we'll see what happens there. then the other thing is natural gas at a two-month low and moving lower because of all the warm weather in the markets now. nat gas subpoena in fact we come off this low here. with the market up 20 points here, what do you make of this -- of our model portfolio fiscal cliff portfolios? >> i was very surprised that it crossed today. i mean, with very little activity, very little movement on pretty much any stock that it crossed today. i was surprised with that. i'm becoming a little more convinced that we're not going to have any resolution at all. i thought the
after the election, the risk that the market basically these two portfolios are traching each other are perfect mirror images here. they were betting at this point we were going to go over the cliff. in other words the -- over the cliff portfolio was the outperformer until today. they have crossed. so now it's gone lower. we hit the cliff and avoid it is going higher at this point. two things to watch for this week. we got all that treasury paper coming to market here. the yield has moved...
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Nov 23, 2012
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>> the same composition of congress existed before the election is what we have after the election. nothing happened before then. i'm just repeating what lawmakers said. chris van howen, representative out of maryland, said if nothing is done before they go on summer recess, you have to suspect nothing can get done by the end of the year. everybody is concentrating on this december 31st deadline. actually december 14th is the final day for congress. they can work through the holidays to try to get this deal done. we're looking at $600 billion according to the cbo and if you really want to look at all of 2013, you are looking at $800 billion to $900 billion. it is hard to imagine they could come to terms with everything that needs to be taken care of in just a few weeks from now. >> what happens to the markets if we miss that deadline, todd? >> they're going lower. look at federal spending. >> how much lower? >> at least 10%. this country's destined for a recession as it is. now if you take a look at the fiscal cliff mess, plus you look at spending cuts on the government's side, that
>> the same composition of congress existed before the election is what we have after the election. nothing happened before then. i'm just repeating what lawmakers said. chris van howen, representative out of maryland, said if nothing is done before they go on summer recess, you have to suspect nothing can get done by the end of the year. everybody is concentrating on this december 31st deadline. actually december 14th is the final day for congress. they can work through the holidays to...
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Dec 14, 2012
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cut nothing back, because the mandate, well, that was what the president thought he was elected on. to appropriate a little shakespeare, what fools these ceos be. the president, here is the way i summarize what they are thinking. president's rising above all right. rising above the cliff. they're going to fall off in the vicious game of chicken. bottom line, we have to hope history isn't repeating itself, that the market is beginning go down the path of the preceiling debacle, before we get crushed and get the deal. but if you remember the business community who thought compromise was in the air, the only thing that turned out to be in the air was you, in your car, going over the cliff, without wings. without parachutes and with a full tank of soon to explode octane. let's go to nate in kansas, please. >> caller: booyah, jim. nate in wichita. thanks for taking my call. >> all right. >> caller: my call is for clear wire. i bought in late october, and i'm in at $1.91 a share. about 15,000 shares, buy, sell, or hold? any other suitors coming in? >> here is what we want to do. we've got
cut nothing back, because the mandate, well, that was what the president thought he was elected on. to appropriate a little shakespeare, what fools these ceos be. the president, here is the way i summarize what they are thinking. president's rising above all right. rising above the cliff. they're going to fall off in the vicious game of chicken. bottom line, we have to hope history isn't repeating itself, that the market is beginning go down the path of the preceiling debacle, before we get...
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Dec 21, 2012
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most of our elected representatives have left washington and gone home for the holidays. >> lovely. what are the chances that the two sides can rise above and reach a deal before january 1st? representative zander levin and judd gregg joins us. >> thank you for joining us. >> thank you. >> representative, let me kick this off with you. you say you want the speaker to rise above his role and put the country first. what exactly would you like him to do? >> i think he has to go back and talk to the president of the united states. i think also to his counterparts in the senate. and try to figure this out. i think he's faced with a radicalized republican conference. i think that's very much tied his hands and, really, overcame him yesterday. i think, though, he must not be deterred by it. he needs to be the speaker of the entire house and try to be the speaker of the entire house. it would have a huge effect on taxpayers. it would have economic consequences and you would be discussing them when you -- >> what should the president do in that same vane? >> the president has been forthcomin
most of our elected representatives have left washington and gone home for the holidays. >> lovely. what are the chances that the two sides can rise above and reach a deal before january 1st? representative zander levin and judd gregg joins us. >> thank you for joining us. >> thank you. >> representative, let me kick this off with you. you say you want the speaker to rise above his role and put the country first. what exactly would you like him to do? >> i think he...
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Mar 28, 2012
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a lawsuit that could impact the election. up next, what the supreme court jis citieses are saying about the constitutionality of the health care reform law. >>> then, the outlook for home ownership. >>> i'm diana olick in washington. the american dream of home ownership is still alive and well but many are choosing to put it off for a while. the housing results from our cnbc economic survey coming up on the "closing bell." apon in your fight against lawn weeds. ortho weed b gon max. with a new continuous spray wand. so you can kill invading weeds down to the root. without harming your lawn. guaranteed. ortho weed b gon max. w♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there track it all through the air, that's logistics. ♪ ♪ clearing customs like that hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, that's logistics. ♪ only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. i
a lawsuit that could impact the election. up next, what the supreme court jis citieses are saying about the constitutionality of the health care reform law. >>> then, the outlook for home ownership. >>> i'm diana olick in washington. the american dream of home ownership is still alive and well but many are choosing to put it off for a while. the housing results from our cnbc economic survey coming up on the "closing bell." apon in your fight against lawn weeds. ortho...
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Mar 16, 2012
03/12
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your candidate for the french presidential elections to register. the first round of votes taking place on april, 22nd. who are the main contenders? and how might it change things in europe? here's the details. >> french socialist party candidate is leading the race for the presidency. the man who has said his real opponent is not president nikola but the world of finance. if elected, he has promised to clamp down on bonuses, ramp up income tax to 45% on earnings of more than 150,000 euros and impose a 75% tax rate for those earning over 1 million euros. >> translator: no french bank will have any toxic financial products which are, unfortunately, still existing today. it will be purely and simply stock options will be forbidden and bonuses will be put under control. >> he also wants to bring the official retirement age back down to 60 from 62. and to the shock of many euro zone leaders, has said he would renegotiate the fiscal compact. this prompted angle and merck to come out. and while sarcosi welcomes the support, he insists that the election is
your candidate for the french presidential elections to register. the first round of votes taking place on april, 22nd. who are the main contenders? and how might it change things in europe? here's the details. >> french socialist party candidate is leading the race for the presidency. the man who has said his real opponent is not president nikola but the world of finance. if elected, he has promised to clamp down on bonuses, ramp up income tax to 45% on earnings of more than 150,000...
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Dec 20, 2012
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i think what we got caught up with in the fall is negativity over the election rather than fundamentals. hard to believe you can have an economy that is weak and not accelerating when you have consumer spending rising and i have seen that continually once consumers are over the short term worry once they know what will happen with the cliff. >> regardless of what it is, it is a combination of higher taxes. lower government spending, right? so could all this progress or economic recovery be nipped in the bud next year? >> i don't think so. yes, fiscal restraint being increased on the part of the federal government. maybe offset by more spending on state and local governments. but i think the critical aspect of it is businesses. in one sense you had, yee i think things will get better. and if you look at industries, the world coming to an end. we get this agreement businesses hire more. businesses invest more. make up for lost time. and that adds to income. and i think we are off to the races. >> joel, we have argued on this show, and maybe we are outliars, that even if we went over the f
i think what we got caught up with in the fall is negativity over the election rather than fundamentals. hard to believe you can have an economy that is weak and not accelerating when you have consumer spending rising and i have seen that continually once consumers are over the short term worry once they know what will happen with the cliff. >> regardless of what it is, it is a combination of higher taxes. lower government spending, right? so could all this progress or economic recovery...
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Jul 20, 2012
07/12
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. >> larry, we'll see how quickly politics gets back in this election year. both sides took down attack ads in colorado. mitt romney is scheduled to go overseas to the london olympics next week. president obama has campaign events scheduled. a spokesman said we'll keep you advised of changes in the schedule. >> many thanks, john. we appreciate it. here to share with us the pulse of the nation, two distinguished nationally syndicated radio talk show hosts. welcome to the show. before we start, todd, you had a listener who called in to voice concern about civil liberties. let's listen. >> it goes back to me to civil liberties. you go back down to this situation here. you've got to have a police officer. what's next? are we going to be patted down before we go into a theater? >> todd, how did you answer that? >> first of all, larry, to the people of colorado very near and dear to my heart. i'm an eagle county property owner. i was just in colorado last week. my sympathies and thoughts go to all those affected. they are concerned. we have occasional tragedies whi
. >> larry, we'll see how quickly politics gets back in this election year. both sides took down attack ads in colorado. mitt romney is scheduled to go overseas to the london olympics next week. president obama has campaign events scheduled. a spokesman said we'll keep you advised of changes in the schedule. >> many thanks, john. we appreciate it. here to share with us the pulse of the nation, two distinguished nationally syndicated radio talk show hosts. welcome to the show. before...